Location: global.
Department affected: IT.
Based on news reporting.
Ernst & Young has announced layoffs affecting approximately 300 employees as part of a broader restructuring effort aimed at adapting to challenging market conditions. The decision comes amid a significant shift in the consulting landscape, with the firm facing increased competition and pressure to streamline operations. The layoffs are expected to impact various departments globally, although specific locations have not been disclosed. This move reflects the ongoing challenges within the Big Four consulting firms as they navigate economic uncertainties and evolving client demands.
Ernst & Young cut 300 jobs affecting its IT team as of October 1, 2023.
That is roughly 0.1% of the 300,000 people Ernst & Young employs.
LayoffTalk has tracked 14 layoff events at Ernst & Young since October 2023, affecting a combined 1,570 employees.
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